DGFT Restricts Silver Imports Under ITC HS Codes 2026

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has also amended the import policy for certain silver products covered under ITC (HS) Codes 71069221 and 71069229 of Chapter 71, Schedule I of ITC (HS) 2022. The notification came into force on 16 May 2026 with immediate effect. 

As per the revised policy, imports of semi-manufactured silver bars that are containing 99.9% or more silver by weight, along with the other silver bars under the specified HS codes, have been shifted from the “Free” category to “Restricted.” Earlier, these imports were permitted under the RBI rules and regulations. 

The revised import conditions now make these products subject to the Policy Condition No. 7 of Chapter 71 under the ITC (HS) 2022 Import Policy. These amendments are also expected to strengthen the monitoring and regulatory oversight of silver imports into India.